The crypto market looks great today with Bitcoin and the other digital assets trading in the green.

Following a significant fall in price, the crypto market has been struggling a lot to recover, and it seems that the move is a successful one.

At the moment of writing this article, BTC is trading in the green, and the most important coin out there is currently priced at $7,091.67.

New boom and bust cycle to take BTC to $400k

A crypto analyst who called Bitcoin’s dramatic 2019 correction said that the leading crypto is well-positioned for a boom and bust cycle that will bring the coin to $400k.

The analyst is known as dave the Wave and you may be aware of the fact that he predicted the start of Bitcoin’s 2019 reversal.

On July 11th back in 2019 when BTC was priced at $11,600, the analyst said that BTC appeared to be at the start of a parabolic downtrend that would last until the coin hit $6,000 at the end of the year.

This prediction turned out to be pretty accurate, with BTC reaching a low of $6,425 in December.

Short term prediction on the basis of a comparison between the parabolas.